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Debt Dilemma: Mama Mia! Abyss Awaits

The crisis in Europe is starting to focus on Italy, chilling optimism following the Spanish bailout. A finance professor says Italy is the end game for the euro. Spain and Portugal remain as big worries too.

Italy is moving into the crisis cross-hairs. That development has chilled any euphoria over the recent Spanish bailout package. Italy hasn't yet taken international assistance, but its debt-to-GDP ratio stands at 120%. The euro's end game is Italy, says Ed Altman, a finance professor at New York University....